427/156 Bathurst StreetHobart TAS 7000
Property Details for 427/156 Bathurst St, Hobart
427/156 Bathurst St, Hobart is a 1 bedroom, 1 bathroom Unit and was built in 1976. The property has a land size of 30m2 and floor size of 30m2. While the property is not currently for sale or for rent, it was last sold in September 2022.
Last Listing description (November 2022)
Looking for somewhere to park your money with a clean 5% NET return (approx.), no outgoings and no maintenance costs? If your answer is yes then look no further than unit 427 in the Best Western Hobart.
The unit is leased back to Best Western until October 2033 (with an option to extend to 2043) and unit returns are calculated on the Hotel's whole accommodation and car parking revenues regardless of this specific unit's individual occupancy rate.
Best Western pay for all outgoings including rates, strata fees, maintenance, and even Land Tax. It really is a set and forget investment perfect for the investor just starting out, or to add to your self-managed superannuation fund. Buy in and reserve your place in Australia's hottest growth capital city that is well and truly on the international radar.
Being an owner entitles you to stay at the hotel for 4 nights of the year and discounts across the Best Western chain.
Best Western Hobart has all of the modern conveniences one would expect in a hotel including gym, conference / function rooms, bar and restaurant.
Be quick to avoid disappointment, these units are tightly held.
Please note, photos provided by Best Western Hotel and images shown may not be of the specific unit 427 but do provide a close example.
* Rent based on Hotel accommodation revenues, historically around $11,170pa per unit (eight-year average) regardless of individual room occupancy rate
* 5% NET yield (approx.) in the heart of Hobart with long stable lease and potential for yield and capital growth over time
* outgoings and maintenance costs absorbed by Best Western Hotel (tenant)
* Built 1976
Property History for 427/156 Bathurst St, Hobart, TAS 7000
- 05 Sep 2022Sold for $220,000
- 24 Aug 2022Listed for Sale $210,000 - 225,000
- 01 Jun 2006Sold for $150,000
Recent sales nearby
See more recent sales nearby
/assets/perm/4pozz7y7r4i65oumtut23ygfki?signature=cdbf7e0d9087845e03cb8007d30eff6fb3895a6421556887f7b03f034d52e3ef){kind=logo}
0
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0
About Hobart 7000
The size of Hobart is approximately 2.1 square kilometres. It has 10 parks covering nearly 4.8% of total area. The population of Hobart in 2016 was 2296 people. By 2021 the population was 3390 showing a population growth of 47.6% in the area during that time. The predominant age group in Hobart is 20-29 years. Households in Hobart are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hobart work in a professional occupation.In 2021, 27.40% of the homes in Hobart were owner-occupied compared with 26.40% in 2016.
Hobart has 3,060 properties. Over the last 5 years, Houses in Hobart have seen a 15.77% increase in median value, while Units have seen a 23.82% increase. As at 31 December 2025:
- The median value for Houses in Hobart is $1,002,167 while the median value for Units is $789,435.
- Houses have a median rent of $623 while Units have a median rent of $650.
Suburb Insights for Hobart 7000
Market Insights
Hobart Trends for Houses
N/A
N/A
View TrendN/A
N/A
Hobart Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
